(Bloomberg) — China Investment Corp. is looking for more resilient assets in markets battered by the coronavirus pandemic as the nation’s $941 billion sovereign wealth fund seeks to boost long-term returns, Executive Vice President Zhao Haiying said.The Beijing-based company added to its investments in credit markets in recent months, especially investment-grade loans in the U.S., after the Federal Reserve eased a liquidity crunch, Zhao said in an interview with Bloomberg News on Saturday. CIC, as the fund is known, also bolstered holdings in healthcare and information technology stocks and added exposure in regions like Asia where there was “less uncertainty” …read more
Source:: Yahoo Finance
